I am a new member at Myfico.com.
Is it safe to apply for a secured credit card through my Credit Union while in a chapter 13. How will it affect or improve my score?
You are not allowed to apply for new credit (secured or otherwise) while under bankruptcy protection.
That's what I was told by my attorney.
Why would you want to do that? You're CH 13 so you're repaying your debts which will help build your credit over time. There's no reason to take on a secured card. Focus on repaying your debts, living within your means, and building your savings. THINK PAY CASH/Debit Card for the next few years.
I went ahead and got a secured card and am currently in a chap 13 plan. I was told by my attorney that unsecured debts larger than $500.00 need to be approved by the trustee. so a secured card is fine to be obtained. Its hard to get a unsecured while your still in chap 13 but a day after chap 7 you can pick up unsecured cards right away. Weird how that works out.